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Italy's energy deficit hits 5.7B euros in May
The figures indicate that Italy's energy balance deficit rose to 5.7 billion euros in May, compared to 3.457 billion euros in the previous year, due to higher energy import costs. Nonetheless, non-oil exports and imports showed improvement, with their surplus increasing from 9.56 billion euros to 10.49 billion euros in the same period. This reflects that rising energy costs contribute to a wider budget deficit, while trade in non-oil goods remains stable and robust.
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